Attended startup saturday @ IIM bangalore

First of all let me tell you how i got to know about this event that is been organised at iim. i was following a guy called ajay mohan reddy on twitter he is an entrepreneur based in hyderabad and work’s on a startup in  google maps for trips and adventures so he posted it on twitter that he will be attending the meet at IIIT Hyderabad so i googled about it and i immediately got to know about startup saturdays which are orginised on second Saturday of every month at differnt locations across india by headstart

So got up early in the morning at is 9:00 and had shower and rushed to banargatta road and to IIM . as expected the campus is beautiful huge buildings and greenery every where. i reached in time there and the meeting started .

Here is the agenda of the meet.

Event Agenda:

• 10 – 11:00 AM – Lightning Pitches

  Lightning Pitches as the name suggests are quick presentations for a duration of 2 minutes or less followed by a Q & A session with the audience. They can help you in various ways including providing with a valuable audience to gain feedback, suggestions, and ideas to move ahead in your business.

  Presenting startups in this month’s LP session:

  1. Printisfun (www.printisfun.com)
  2. Noesis Info Services (www.noesistec.com)
  3. DonateYourPC.in
  4. Beezang (http://www.beezang.com)
  5. Vpe Knowledge Solutions Pvt Ltd (www.vpeksolutions.com)
  6. Indian Drinks (By Anirudha & Nivedita)
  7. Campus2Hire (www.campus2hire.com)
  8. ZimZim
  9. Sportskeeda (www.sportskeeda.com)
  10. Almechants Systems LLP(www.almechants.com)
• 11 – 12:30 AM – To be or not to be an Entreprenuer

  Session and Moderated discussions by Surya covering

  1. Pre start up
  2. Firming up the idea
  3. Formation of the team
  4. Boot strapping
  5. When to raise money
  6. How to reach cash stability
  7. When to call quits

  About Suryanarayanan:

  Surya, a Chartered Accountant by qualification, is the Chief Operating Officer at the NSRCEL. He is also an alumnus of the International Masters Program in Management of IIMB.He has over 28 years of professional experience, both as a corporate executive and entrepreneur. After spending the initial years in the finance function at Union Carbide and Nicholas laboratories, he joined a family run pharma start up company, Recon and served as its Group Finance Director. His stint as a serial entrepreneur started in 2000 and since then he has successfully founded, funded and exited healthcare ventures including MedyBiz, a disease management company and LifeKen, an organized pharmacy retail chain.

• 12:30 – 1:00 PM – Questions and Networking

minutes of the meeting

the initial session of the meetup was some thing like each team form different startups have come and told about there startups and how its gone a work from them. some people raised some doubts and they ware answered some people gave suggestions and some critics as well.

• The print is fun guy is really crazy in his looks as wells as there business check out there portal. its kewl.
• Beezang people are addressing a really different problem i have some doubts as to how they can make profits out of it but its UI is good. I have talked to them and got email contacts of the developers.
• some glance about what people are doing in the health care industry and products developed.
• Indian Drinks (By Anirudha & Nivedita) these are the two people from ISB there business model is like trying to sell indian drinks like suger cane juice or lasi or butter milk in a very hygienic and great ambiance like the one in CCD’s and MecD’s they plan to open up outlets at universities campus, petrol refill stations, and software companies like that. they said they are building a wending machine to serve indian drinks. quite a number of people have ask some serious censerns about the viability and business model.
• There is one non profit working on collecting old computer parts from people who are willing to donate them and assembling them and give them to schools of orphan ages .. he said they do it in there spare time and with a little money.

the second session was given by Surya

it was very very good i have learned so  many things and the way he delivered the lecture was excellent. here is the list of thing i got form his speech

• common pit falls of a startup
• How not to give shares to partners of the startup’s at the early stages and how to evaluate how much each one is owns in the startup. i.e based on the value they are bring into the enterprise.
• How to deal with mentors and how important they are.
• Difference between mentor and a advisor.
• what to expert from the employees of your startup its like how u can motivate them to work. that is selling a dream and driving there passion.
• the main differance between a manager and a entrepreneur
• opportunist and  entrepreneur
• and lot more

after this two people from Microsoft have spoke about how Microsoft is going to help startup’s in india in giving there software licences for free and stuff like that..

and in the networking session i met the Co-founder of headstart that is Akash Mahajan very kewl guy and very approachable and got some suggestion regarding an idea. i also met a guy called freeman he is having a venture frim like y combinator here in india  and Bangalore i.e upstart.in if you guys have any ideas post to him may be u will get a good mentorship or support. he said he is ok with any platform and what actually he looking at is passion to do and the idea. he also said currently they are working in telecom, education sector and some other .

at the end i took some pics here they are :

i am not that good at my English but i tried my best. if this was of any useful for you guys in any ways please post it here. that way it motivate me to write such thing in the future.